Retirement Accounts & Divorce

What You Need to Know Explained by a Raleigh Divorce Lawyer

Retirement accounts are a common part of most
divorce cases; in fact, they can be the largest asset in a marriage. Certain difficulties,
however, can arise when trying to divide retirement accounts, so it is
best to have legal assistance from a divorce lawyer who knows how handle
this type of issue. When retirement accounts are divided, taxes and penalties
may result because of the division.

Hopper, Hopper & Mulligan, PLLC will do everything necessary to make
sure you do not lose hard earned money because of taxes or penalties from
dividing a retirement account. Have confidence with your divorce case by
contacting our firm. Our Raleigh divorce attorney is ready to provide you with the support you need!

Process of Dividing a Retirement Account

Dividing a retirement account can be a difficult, complex process that
will require assistance from your attorney. A court order can be entered
to divide a retirement plan; once this happens it must be decided how
the plan will be divided.

A
property division lawyer can be extremely helpful during this process because if it is not
handled properly, the division can create serious problems for pension
and other types of defined benefit plans. Court systems have ways of computing
the division, but do not have your long term financial goals or plans
at heart, so by having a knowledgeable lawyer from our firm present during
retirement account division you will do much to protect your assets.

Call (919) 876-3300 to Protect Your Money

There are many ways that retirement accounts can be divided, and the experienced
attorneys at Hopper, Hopper & Mulligan, PLLC know exactly what to
do to protect your hard earned money. Our Raleigh family lawyers will
work with you to make sure your retirement account is divided fairly in
a way that will reap little or no financial penalties or fees.

The information on this website is for general information purposes only.
Nothing on this site should be taken as legal advice for any individual
case or situation. This information is not intended to create, and receipt
or viewing does not constitute, an attorney-client relationship.